Bitcoin hodlers can earn 4.5% per annum on Blockchain.com
Blockchain.com users will be able to earn 4.5% per annum on Bitcoin deposits
The company plans to add support for new digital assets
In March, the platform launched a retail lending service
International consortium of news organizations developing transparency standards.
Blockchain.com crypto company is going to offer interest-bearing accounts that will allow you to earn up to 4.5% per annum on bitcoin deposits.
Official information comes two months after the company launched retail lending.
Cryptocurrency service provider Blockchain.com, founded in 2011, intends to open interest accounts to generate income from bitcoin deposits.
The most famous services offered by the company are the blockchain explorer information platform and the cryptocurrency wallet.The popularity of cryptocurrencies throughout the world continues to grow, so the topic of safe storage of their digital assets is becoming more and more important. BeInCrypto editorial staff … More. According to information provided by the analytical company The Block, 28% of all Bitcoin transactions in 2020 were carried out through Blockchain.com wallets..
But the company recently started to develop new directions, launching institutional lending in August 2019 and retail lending service in March 2020. On Wednesday, Blockchain.com announced its intention to further expand its product line to include interest accounts..
Blockchain.com is not the only marketplace offering cryptocurrency income. For example, crypto startup BlockFi began providing interest-bearing accounts in August last year, offering up to 8.6% per annum on crypto assets such as BTC, ETH, LTC and USDC. Celsius, Nexo and Crypto.com also released similar products..
Initially, the new service Blockchain.com will only support Bitcoin, providing up to 4.5% per annum on Bitcoin deposits of users. However, the team is working to add other assets such as ETH and USDT in the future. The firm stressed that users in the United States, Canada and Japan will not be able to access the new service at launch..
Regarding the recently launched retail lending business, which allows users to take out loans in stablecoins pegged to the US dollar, USD Digital, against bitcoins stored in Blockchain.com wallets, the company said that it will soon make them available to US customers and provide support. new cryptoassets.
In addition, the company will add USDT and ALGO to the list of assets supported by its wallet, which also includes BCH, ETH and XLM..
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